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Gold’s Perfect Storm
After treading water for most of the first half of the year, gold may have finally found its legs After last year’s dramatic fall in the gold price, precious metals enthusiasts were hoping for an immediate bounce upwards – which never came. However over the past few weeks the price has crept steadily higher and is set to provide strong gains over the second half of 2014. Gold’s perfect storm comprises of three elements: 1.Continued economic weakness Recent disappointing US job numbers, a shrinking German economy and frozen wage growth in the UK have provided a catalyst for gold. With… continue reading
August 15, 2014